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State-owned EPC group building power plants, grids and water infrastructure, from coal and hydro to wind and solar.
State-owned EPC group building power plants, grids and water infrastructure, from coal and hydro to wind and solar.
Wins construction contracts, often fixed-price, and books revenue as the work progresses; wind and solar have become a bigger part of its order book alongside coal and hydro. A central-government-owned parent group controls it, and it also invests in and operates some power plants itself.
Moat: narrow (scale, installed base, regulatory licence). State-backed scale and design qualifications spanning the whole power-plant value chain.
Headquarters: Beijing, China · Founded: 2011 · Employees: 116,055
Size China Energy Engineering (601868.SS) is a China Industrials company (Engineering & Construction) with a market value of $13.6B, the 176th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.32 on 6 Nov 2026.
Performance Over six months the shares fell 18.0%, against -16.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 5.3% over the last twelve months (peer median +1.7%); the operating margin is 4.3% (peer median 6.4%).
Valuation It trades at 17.9× forward earnings against a peer median of 12.9× (6th most expensive of 20).
Capital Return on invested capital runs 1.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥439B | CN¥452B | CN¥435B | CN¥405B | CN¥365B |
| Revenue growth | — | +4% | +8% | +11% | — |
| Gross profit | CN¥62.2B | CN¥53.0B | CN¥50.8B | CN¥48.2B | CN¥42.1B |
| EBITDA | n/a | CN¥28.8B | CN¥26.8B | CN¥24.6B | CN¥22.1B |
| Net income | CN¥5.30B | CN¥5.84B | CN¥8.40B | CN¥7.99B | CN¥7.82B |
| Free cash flow | -CN¥30.7B | -CN¥29.3B | -CN¥34.0B | -CN¥21.2B | -CN¥11.8B |
| Capital expenditure | CN¥33.1B | CN¥41.7B | CN¥45.5B | CN¥31.1B | CN¥20.0B |
| Total debt | CN¥380B | CN¥359B | CN¥315B | CN¥275B | CN¥227B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Energy Engineering 601868.SS | $13.6B | -18% | -5% | 4% | 17.9× | n/a |
| Power Construction Corporation of China 601669.SS | $11.5B | -20% | -2% | 4% | 8.4× | n/a |
| China Railway Construction 601186.SS | $11.4B | -11% | -9% | 4% | 4.9× | n/a |
| Metallurgical Corporation of China 601618.SS | $7.54B | -10% | -21% | -4% | 11.4× | -0.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601868.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | +2.8% | 7th lowest of 21 |
| 6-month return | -18.0% | -16.8% | 10th lowest of 21 |
| Distance from 52-week high | -41.1% | -25.8% | 5th lowest of 21 |
| Revenue growth (TTM) | -5.3% | +1.7% | 3rd lowest of 21 |
| Operating margin | 4.3% | 6.4% | 7th lowest of 21 |
| Forward P/E | 17.9× | 12.9× | 6th most expensive of 20 |
| ROIC minus cost of capital | -1.5 pp | +1.1 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Energy Engineering 601868.SS | China | $13.6B | -18% | -5% | 4% | 17.9× | n/a | n/a |
| Acciona ANA.MC | Spain | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% | +25.6% |
| MasTec MTZ | United States | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% | +17.7% |
| China Communications Construction 601800.SS | China | $12.8B | -12% | -4% | 3% | 6.8× | n/a | n/a |
| Kajima 1812.T | Japan | $12.5B | -27% | +4% | 8% | 10.8× | -1.9% | +10.0% |
| China Railway 0390.HK | Hong Kong | $15.0B | -19% | -4% | 4% | 3.6× | n/a | n/a |
| Skanska SKA-B.ST | Sweden | $12.1B | +16% | -6% | 4% | 17.1× | 8.3% | +2.0% |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
| Power Construction Corporation of China 601669.SS | China | $11.5B | -20% | -2% | 4% | 8.4× | n/a | n/a |
| China Railway Construction 1186.HK | Hong Kong | $11.4B | -22% | -5% | 4% | 3.2× | n/a | n/a |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| WSP Global WSP.TO | Canada | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% | +15.7% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| Tetra Tech TTEK | United States | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% | +12.7% |
| Bouygues EN.PA | France | $18.3B | -18% | -1% | 5% | 12.9× | -0.8% | +10.4% |
| Atkinsrealis ATRL.TO | Canada | $9.94B | -7% | +15% | 7% | 19.9× | 11.4% | +9.6% |
| Cellnex Telecom CLNX.MC | Spain | $19.6B | -7% | 0% | 13% | n/a | 29.7% | +22.5% |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| SamsungE&A 028050.KS | South Korea | $8.73B | +14% | +19% | 11% | 13.6× | -2.1% | +6.1% |
| Aecom ACM | United States | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% | +4.0% |